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The Hartford Dividend and Growth Fund (HDGYX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The investment seeks a high level of current income consistent with growth of capital. The fund invests primarily in a portfolio of equity securities that typically have above average dividend yields and whose prospects for capital appreciation are considered favorable by the sub-adviser. Under normal market and economic conditions, at least 80% of its net assets are invested in dividend paying equity securities. The fund may invest up to 20% of its net assets in securities of foreign issuers and non-dollar securities.

Looking to diversify beyond HDGYX? The mutual funds below have historically moved differently from HDGYX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for HDGYX

6 mutual funds have low correlation with HDGYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Ultrashort Bond HLS Fund (HUBBX) (Ultrashort Bond) with a 1Y correlation of 0.13, roughly unchanged from 0.04 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HUBBX
Hartford Ultrashort Bond HLS Fund0.130.060.04
99
Ultrashort BondHDGYX vs HUBBX
LEXCX
Voya Corporate Leaders Trust Fund0.220.520.66
93
Large Cap Value EquitiesHDGYX vs LEXCX
HFLYX
Hartford Floating Rate Fund0.240.260.29
52
Bank LoanHDGYX vs HFLYX
HMKIX
Hartford Sustainable Municipal Bond Fund0.240.170.12
69
Municipal BondsHDGYX vs HMKIX
HHMIX
Hartford Municipal Opportunities Fund0.250.170.11
63
Municipal BondsHDGYX vs HHMIX
See all 87 diversifiers for HDGYX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for HDGYX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.36, down from 0.52 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
IIPR
Innovative Industrial Properties, Inc.0.370.490.52
71
Real Estate

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